AMMO, Inc. (NASDAQ:POWWP) Short Interest Down 42.4% in April

AMMO, Inc. (NASDAQ:POWWP) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 936 shares, a decrease of 42.4% from the April 15th total of 1,624 shares. Based on an average daily trading volume, of 6,689 shares, the days-to-cover ratio is presently 0.1 days.

AMMO Stock Performance

Shares of POWWP stock traded down $0.06 during trading on Monday, reaching $24.79. 2,826 shares of the company’s stock traded hands, compared to its average volume of 4,357. The firm’s 50-day moving average is $24.65 and its 200 day moving average is $24.33. AMMO has a 1 year low of $21.50 and a 1 year high of $25.50.

AMMO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Monday, June 1st.

About AMMO

AMMO, Inc is a holding company organized in 2019 as a spin-off from Vista Outdoor and trades on the NASDAQ under the ticker POWWP. Through its subsidiaries, the company specializes in the design, manufacturing and marketing of ammunition and propellant powders for commercial, law enforcement and military customers. AMMO, Inc’s primary operating unit, Black Hills Ammunition, offers a range of premium cartridges in common and specialty calibers, while Bridgeport Powder manufactures a portfolio of smokeless propellants.

The company’s products cater to sport shooters, hunters, competitive marksmen and professional users.